FIRST CHAIR HOLDING A/S — Credit Rating and Financial Key Figures

CVR number: 18252481

Jægersborg Alle 4, 2920 Charlottenlund

soren.kofoed@firstchair.dk

tel: 33131441

Income statement (mDKK)

	2020	2021	2022	2023	2024
Fiscal period length	12	12	12	12	12
Net sales	277.47	269.99	273.49	300.97	258.95
Other operating income	5.63	6.56	4.30	4.81	4.00
External services	- 137.27	- 124.36	- 115.31	- 115.64	-91.07
Gross profit	145.82	152.20	162.48	190.14	171.89
Employee benefit expenses	- 130.05	- 133.34	- 145.46	- 164.02	- 160.56
Other operating expenses				-1.03	-1.01
Total depreciation	-14.44	-16.68	-14.53	-14.02	-14.48
EBIT	1.34	2.18	2.50	11.08	-4.17
Other financial income	1.11	4.51	0.61	7.12	3.01
Other financial expenses	-0.78	-0.68	-4.04	-2.08	-2.02
Net income from associates (fin.)	0.68	1.25	1.29	7.72
Pre-tax profit	2.36	7.26	0.36	23.83	-3.18
Income taxes	-2.23	-2.81	-2.17	-6.06	-1.88
Net earnings	0.13	4.45	-1.81	17.77	-5.06

	2020	2021	2022	2023	2024
Development expenditure		0.72	0.55	0.38	0.21
Intangible rights	0.24	0.13	0.03
Goodwill	76.33	60.50	55.95	43.64	34.41
Intangible assets total	76.57	61.35	56.52	44.02	34.63
Machinery and equipment	4.20	4.49	3.77	3.79	5.14
Tangible assets total	4.20	4.49	3.77	3.79	5.14
Participating interests	2.03	2.03	2.97	0.95	1.45
Other non-current investments	0.74
Investments total	2.77	2.03	2.97	0.95	1.45
Non-current other receivables	4.08	4.15	4.68	4.65	4.78
Long term receivables total	4.08	4.15	4.68	4.65	4.78
Finished products/goods	0.44	0.42	0.47	0.46	0.44
Inventories total	0.44	0.42	0.47	0.46	0.44
Current trade debtors	35.17	34.71	37.52	39.93	31.90
Prepayments and accrued income	1.43	1.70	1.93	2.66	3.33
Current other receivables	16.37	21.76	22.45	24.02	23.15
Short term receivables total	52.97	58.17	61.91	66.60	58.38
Other current investments	20.96	19.95	14.30	16.65	19.07
Cash and bank deposits	14.79	6.43	6.75	11.05	4.17
Cash and cash equivalents	35.76	26.37	21.05	27.70	23.24
Balance sheet total (assets)	176.79	156.98	151.39	148.17	128.05

	2020	2021	2022	2023	2024
Share capital	0.50	0.50	0.50	0.50	0.50
Shares repurchased	0.22	0.23	1.50	4.00	2.40
Retained earnings	39.12	35.78	38.18	23.37	37.94
Profit of the financial year	0.13	4.45	-1.81	17.77	-5.06
Minority interest (BS)	9.00	8.11	7.21	10.63	6.55
Shareholders equity total	48.96	49.06	45.58	56.27	42.33
Provisions	1.88	2.50	3.85	3.87	4.14
Non-current loans from credit institutions	10.79	5.48	36.41	29.73	8.07
Non-current other liabilities	47.03	1.28	3.98	4.01	4.95
Non-current liabilities total	57.83	6.76	40.39	33.74	13.01
Current loans from credit institutions	14.47	54.68	17.92	4.38	26.61
Advances received	6.31	3.26	5.64	3.96	7.98
Current trade creditors	13.80	18.53	14.28	12.46	11.43
Current owed to participating	0.01	0.68	0.55	0.55	0.57
Short-term deferred tax liabilities	1.96	2.17	2.68	6.90	1.75
Other non-interest bearing current liabilities	31.58	19.34	20.50	26.04	20.24
Current liabilities total	68.12	98.66	61.57	54.28	68.57
Balance sheet total (liabilities)	176.79	156.98	151.39	148.17	128.05

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